Xerox Corp (XRX)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,538,000 | 2,789,000 | 3,384,000 | 3,459,000 | 3,343,000 | 3,243,000 | 3,873,000 | 4,184,000 | 4,436,000 | 5,188,000 | 5,287,000 | 5,425,000 | 5,592,000 | 5,448,000 | 5,477,000 | 5,393,000 | 5,587,000 | 4,855,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,538,000K
= 0.00
The debt-to-equity ratio of Xerox Holdings Corp has shown fluctuations over the past eight quarters. The ratio was highest in Q4 2023 at 1.19 and Q3 2023 at 1.20, indicating higher reliance on debt financing compared to equity during those periods. This could imply higher financial risk and leverage.
However, in Q2 2023 and Q1 2023, the debt-to-equity ratio decreased to 0.87 and 0.89, respectively, suggesting a more balanced capital structure with a lower proportion of debt relative to equity. This may indicate improved financial stability and lower risk exposure.
The trend in the debt-to-equity ratio in the previous four quarters of 2022 showed a moderate increase from Q1 to Q4, with ratios ranging from 0.95 to 1.08. This indicates a slight shift towards higher debt utilization compared to equity during that period.
Overall, Xerox Holdings Corp's debt-to-equity ratio has varied significantly, indicating fluctuations in the company's capital structure and financial leverage over the past eight quarters. It is important for stakeholders to monitor these ratios to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023